[ealexhudson]

Sure, and if they manage to fix a valuation of $1.5B or even $2B, it will drive a lot more press. Are they then going to go out in July and hoover up a bunch more cash?

I understand that when a capital-intensive business sees an opportunity to grab some cash, it can make a lot of sense. There's more constraints than the scooters for them - finding the right locations, setting up bird squads, ensuring there's a kind of natural circle of travel rather than a tide of commuting. And, of course, marketing all of that at the right time. Some of that $$$ can solve, but it doesn't feel like they're at the point they can just step on the gas.